Privatization Proceeds Generation, Collection and Utilization

PSALM’s privatization efforts generated a total of USD19.97 billion as of end March 2018. Of this amount, actual collection amounted to USD11.89 billion as of this period.

Privatization Proceeds Generation and Collection
As of 30 June 2018
In USD Billion

Assets	Generated	Collected	Balance
Generating Assets	162.27	162.27	0.000
Decommissioned Plants	0.633	0.633	0.000
Transmission Business (TransCo)	290.90[1]	178.77	112.13
Appointment of IPPAs	490.75	203.53[2]	271.03
Total	944.60	545.20	383.17[3]

^[1] /Privatization Proceeds relative to concession fees are inclusive of interest on deferred payment.
^[2] /Collections include adjustments in IPPA proceeds based on IPP plant operation.
^[3] /Includes the remaining balance of NGCP’s advance payment of PHP22.73 Billion.

Total collections of PhP545.2 B as of June 2018, including interest income on placements, were exclusively utilized for the liquidation of financial obligations amounting to PhP599.58 B as of June 2018.

Privatization Proceeds Utilization
As of 30 June 2018
In PHP Billion

Utilization	Amount (In PHP Billion)
Debt Prepayment	69.45
Regular Debt Service	371.10
BOT Lease Obligations	153.94
Other Privatization-Related Expenses	5.10
TransCo OPEX	0.05
Total	599.64

USD1:PHP53.522 (BSP Guiding Rate dated 30 June 2018)